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BNP Paribas plans to price buffered uncapped notes linked to the Dow
By Toni Weeks
San Luis Obispo, Calif., Nov. 7 - BNP Paribas plans to price 0% buffered uncapped notes due Nov. 29, 2017 linked to the Dow Jones industrial average, according to a term sheet.
If the index return is positive, the payout at maturity will be par plus at least 100% of the index return.
Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
The exact terms will be set at pricing.
BNPP Securities is the agent.
The notes (Cusip: 05574LSA7) will price Nov. 25 and settle Nov. 29.
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